Market and Business News

MUMBAI: Demand for gems and jewelery is on the rise in world markets as India and the world economy rebound. In August, exports of gems and jewelery from India rose to pre-epidemic levels of Rs 40 crore, the Jewelery Export Promotion Council said in a report. According to the council's data, exports of gems and jewelery stood at Rs 15,160.8 crore in August 2020, while total shipments in August 2017 stood at Rs 20,8.50 crore. The council said in a statement that so far the year 2021-22 has seen a good improvement in the demand for gems and jewelery. With the gradual opening up of markets, the removal of entry restrictions and the upcoming festive season, India's exports of gems and jewelery will continue to grow. Rs. A number of positive factors, including strong demand in the US, China and some European countries to allay fears of corona, have contributed to the increase in exports of cut and polished diamonds. 4.5 crore.

Rangoon: Myanmar's economic crisis has worsened since the coup and its currency, the kyat, has depreciated by more than 50 per cent so far in September. Food and fuel prices have skyrocketed in a shattered economy following a military coup eight months ago. "Myanmar's economy has been shaken since the coup and the Kyat rate as a border barometer has been severely affected," said Richard Horsey, an expert with the International Crisis Group. In August, the Central Bank of Myanmar tried to keep the reference rate of its currency, the kyat, at 0.8 against the dollar, but pressure on the exchange rate mounted and efforts were thwarted on September 10. There is such a shortage of US dollars that some money changers have closed its shutters. Money changers posted on social media that all Northern Breeze Exchange Services branches have been temporarily closed due to currency rate volatility at present. Traders who are still operating were offering an exchange rate of ક

The new companies will contribute Rs 20 lakh crore to the market cap in three years Mumbai: The market cap of listed companies is expected to reach ૫ 3 trillion (Rs 20 lakh crore) in the next three years. At present, the market cap is close to ૫ 4.5 lakh crore, or Rs 20 lakh crore. In this way, the market cap will grow by more than Rs 100 lakh crore in three years. Global brokerage firm Goldman Sachs expects stock market sentiment to be strong right now. Foreign investors continue to invest. Rapid market growth in the current month, the Bombay Stock Exchange (BSE) has overtaken France to become the sixth largest market cap. The brokerage firm has said that the contribution of new companies to the market cap will be Rs 20 lakh crore. However, in recent times, these companies have added about Rs 2.50 lakh crore. By the end of this year, 30 IPOs are expected. More than 30 of these can come in October and November. Startups like Zomato will contribute more to the market cap. Its market

MUMBAI: The global bond market has taken a hit after the world's central banks signaled a rise in interest rates. The bond market has seen its sharpest decline this year on fears of rising interest rates at the start of the new year. Investors sold government bonds in the wake of recent lending by the US Federal Reserve and the Bank of England last week, with both countries' central banks showing readiness to resist rising inflationary pressures by raising short-term borrowing costs. The recent rise in energy prices in Europe, especially in the UK, has strengthened fund managers' fears that inflation will continue to rise. "Central banks are trying to convince us that inflation is short-lived," said Nomura Asset Management's bond fund manager. Given the circumstances it seems to us that they are ignoring, if you want to show that the present is cheaper than before then it is wrong. On Tuesday, the 10-year-old US Treasury yield, the benchmark for financial

MUMBAI: Gold and silver prices rose sharply in the Mumbai jewelery market today. Workers working in South Africa's gold mines were reported to have come under one umbrella in support of the demand for wage increases. Experts were also pointing out the possibility of a strike following this. Gold prices in the world market rose from ૭૩૨ 15 to ૭૩૩ 18 an ounce and were at ૭૪૨ 16 to આજે 12 today. Global silver prices also rose to 4.5 to ૨૯ 7.5. In the Ahmedabad Zavanri market, gold prices rose by Rs 200 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 3.50 today, while Ahmedabad silver remained steady at Rs 31,000 per kg. Global crude oil prices fell nearly half a percent today. New York crude was trading at ૮ 6.50 a barrel this evening. Brent crude was trading at 4.5. In the Mumbai jewelery market, gold today was trading at Rs 305 per ounce, excluding GST, while it was closing at Rs 205, up from Rs 8 per ounce. Mumbai silver prices today were at Rs 5, excluding GST.

(Gujarat News Office) MUMBAI: Singtel and cottonseed oil prices continued to decline in the Mumbai oilseeds market today. Imported edible oils, however, were the talk of the town. In the Mumbai market, the price of 10 kg of cingulum oil was Rs 1,210 while that of cottonseed oil was Rs 15. Producers reduced the price of cingulum oil by Rs 150 to Rs 15 and 15 kg to Rs 30-40. While the price of cotton washed was Rs 120. In the Mumbai market, imported palm oil was priced at Rs 1,210 while crude palm oil CPO Kandla was priced at Rs 1,150. Soyoil prices were quoted at Rs 12 for digam and Rs 12 for ref. The price of sunflower increased to Rs. 1310 and Rs. The price of mustard was Rs. 150 and Rs. New trades in palm oil were slow today. Coparel was quoted at Rs 1,210 per 10 kg and rice bran at Rs 1,200. At Mundra, soyoil prices were quoted at Rs 1,315 and Hazira Khak at Rs 19 for various deliveries. In Malaysia, meanwhile, palm oil futures rose to close at 8,9,8 and 9 points respectively. W

A game being played to feed the traders by triggering stop loss on both sides (Gujarat News Correspondent) MUMBAI: For the second day in a row, Indian stock markets, along with global markets, witnessed a negative impact on the global economy as China and European countries were hit by the global NG crisis and the consequent rise in international crude oil prices. However, funds made large purchases in metal-mining and power-capital goods stocks today in anticipation of benefits to Indian steel and mining companies, which have been forced to close factories in various industries due to shortages in China, including coal and fuel-power. However, the current global crisis could create a medium- to long-term downturn for India, which could be a temporary boon for India. In global markets, US stocks fell by 6 points on the Dow Jones yesterday. Japan's Nikkei index fell by 30 points today in the expected initial erosion in Asian markets. . Of course, for the second day in a row, the d

- 94% of DHFL's creditors voted in favor of Piramal's settlement plan New delhi date. Wednesday, September 29, 2021 Piramal Enterprises has bought distressed company Dewan Housing Finance Limited (DHFL) for Rs 38,050 crore. Piramal called it a successful financial settlement through IBC. According to the deal, Piramal will pay Rs 34,250 crore as a combination of cash and non-convertible debentures. The rest of the debt will then be paid off. Notably, 94 per cent of DHFL's creditors voted in favor of Piramal's settlement plan. Piramal has also got approval from RBI, CCI and NCLT for this. The company said DHFL has about 70,000 debtors, of which about 46 per cent will receive their arrears through the settlement scheme. Following the deal, Piramal Capital and Housing Finance (PCHFL) and DHFL will be merged. It will be 100 per cent owned by Piramal Enterprises. After the merger, it will become the country's leading housing finance company. The new company will fo

MUMBAI: Profit growth in China's industrial units has been weak on an annual basis in August. For the sixth consecutive month in August, profit growth slowed. Producers are struggling due to high commodity prices, corona surge and shortage of some components. According to data released by China's Bureau of Statistics, August saw a 10.10 per cent increase in profits compared to 18.50 per cent in July. The manufacturing sector of the world's second largest economy is weakening due to various challenges. After July 2020, the growth rate of industrial production has been slow in August this year. Corona re-emergence in China, high raw material prices, tough measures to curb carbon emissions and a shortage of parts such as semiconductors have affected industrial production, the bureau report said. During the January-August period, the profits of industrial companies grew at an annual rate of 8.50 per cent as against 8.50 per cent in the same month last year. Stable recovery

Mumbai: Amidst Corona's adversity, the IPO in the primary market will set a new record of raising Rs 1.50 lakh crore this year. There are 30 IPOs worth Rs 2,000 crore in the pipeline The record for raising funds from the Indian IPO market in 2016 has been broken. So far this year, a total of eight companies have raised Rs 2,31 crore through IPOs. In 2016, nine companies raised a record Rs 4.5 crore. This is the largest amount raised by companies in any year through an IPO. Companies from Maharashtra, Gujarat and Delhi have been at the forefront in raising funds through IPOs. In 2021, out of 6 companies, 14 were from Maharashtra and 11 from Gujarat. The remaining 6 companies were from across the country. The last IPO of this month is in the name of Aditya Birla Sunlife. The issue of this mutual fund company will open on September 4 and close on October 1. The BSE Sensex has also set a record this month. For the first time, the Sensex has managed to close above 30,000. In additio

It was decided to approve the framework for gold exchange (Commercial Representative) MUMBAI: The Securities and Exchange Board of India (Sebi) has taken a number of decisions at its board meeting today, including approving a framework for gold exchange. SEBI has also approved amendments to the delisting standards to facilitate mergers and amalgamations. It has also approved the construction of a social stock exchange. The framework for gold exchange was today approved by the Securities and Exchange Board of India (SEBI), the regulator of the capital market. With this approval trading in gold in electronic form will now be possible and will help in the creation of a transparent local spot price discovery mechanism. SEBI also approved the construction of a social stock exchange at a board meeting held today. With the decisions taken by the SEBI Board, trading in gold will now be known as Electronic Gold Receipt (EGR) and will allow trading, clearing and settlement like other securit

(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. World market news was showing a sharp decline in prices. With the world market collapsing and the import cost of precious metals falling, the jewelery market saw more sellers and less buyers. The rise in bond and treasury yields in the global market and the rise in the global dollar index against various major currencies led to widespread selling of funds in gold in the global market. Gold prices were quoted at વિશ્વ 16 to ૭૩૩ 12 an ounce in the global market today. Global gold and silver prices also fell by ૬૩ 4.5 to ૬૮ 6.5 an ounce and were trading at ૨ 6.41 to ૨૨ 7.5 an ounce today. In the Ahmedabad jewelery market, gold prices fell by Rs 200 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50. While Ahmedabad silver price today fell by Rs 200 per kg to Rs 31,000. Platinum prices in the world market fell by ૯૯૫ 6 to ૯૯૬ 8 an ounce from ૯૮ 60 to આજે 71 today, whi

(Gujarat News Office) MUMBAI: New trades in the Mumbai oilseeds market were slow today. There were sporadic operations in hawala resell in imported palm oil. Prices of various domestic and edible oils remained soft today. The news of the manufacturing establishments was showing a retreat. In the US agricultural market, soybean oil prices were in the range of 5 to 20 points in the projection this evening, while soybean and soymeal prices were also lower in the projection. However, there were indications that palm oil futures in Malaysia today rose to 7, 8, 21 and 9 points plus. Palm product eyebrows were raised there from ૫ 2.50 to ૫ 16.00. In the Mumbai spot market, 10 kg of palm oil was trading at Rs 1,505 today. At the bottom, the price was Rs. Crude palm oil CPO Kandla was down by Rs 1,150. In the futures market, CPO futures were trading at Rs 1,109.50 and Rs 1,117.50, while soyoil futures were trading at Rs 1,905.50, down from Rs 1,405. The soybean market was 1.5 per cent softe

(Gujarat News Correspondent) MUMBAI: International crude oil prices have risen amid reports of shutdowns in many parts of the world, with China shutting down factories in the UK and petrol and diesel stations in the UK. Global markets were shaken today by rising concerns over the 70 level. Even in the Indian stock markets, global markets today witnessed a major upheaval of funds, experts triggering a non-stop trigger for both traders. With this, the stocks and Nifty-based overbought positions were eased as the September trend in F&O ended on Thursday in the current week in derivatives. On the one hand, the giant realty developer group Evergrande, on the other hand, was going through a major crisis and now the power crisis is expected to have a major impact on its global supply. IT-Software Services, Banking, Metal-Mining, Oil-Gas, Consumer Durables stocks rose against profit booking in real estate stocks. At the end of the day, it fell 104.50 points to close at 16.30. The Sensex

Ahmedabad: September 8 will be written in golden letters in the economic history of India. Today, not only the stock market but also the entire economic system of the country is booming. In the US, Prime Minister Maadi was on a visit to the Internet giants when he was sent a message on the Sensex 30,000. For those who are constantly observing economic progress, it is a sign that India's economic picture is changing. The stock market seems to be celebrating Shraddha. In fact, thousands of shares in Shraddha have created an atmosphere of Diwali. The stock market has shattered the belief that any celebration takes place on the days of Shraddha. Looking at the recent rise in the stock market and investor interest, it seemed that the market would cross 20,000 by the next budget, but now there are indications that the market will reach close to 30,000 by the budget. Beware of the stock market and say that the market is full of risks. The stock market has reached 20,000 and won the tr

(Gujarat News Office) MUMBAI: Cingulum oil prices declined in the Mumbai Oilseeds market today. Producers were soft. Prices of various imported edible oils also declined today. Palm oil futures in Malaysia today on the world market were showing a slow improvement in near delivery while a slow decline in long delivery. There, palm product prices were softer by ૫ 5 to ૫ 2.50. Meanwhile, in the Mumbai spot market, the price of cingulum oil fell further by Rs 150 per 10 kg today, while manufacturers had indicated that the price of cingulum oil fell by Rs 1,200 per kg and Rs 15 per 15 kg. There, the price of cotton washed also fell below Rs 1,200 and was quoted at Rs 150. In the Mumbai spot market, however, cottonseed oil prices were quiet at Rs 150. Imported palm oil prices today fell to Rs 1,405. The new demand was winged. The price of crude palm oil CPO Kandla, however, was quoted at Rs. The price of soybean oil was Rs.150 for Digam and Rs.150 for Rifa. While soyoil prices were quote

(Gujarat News Office) MUMBAI: Gold and silver prices fell in the Mumbai jewelery market today. The decline in world market prices was a sign of progress. As the dollar index rose in world markets and bond and treasury yields rose, so did the value of funds in global gold. Global gold prices fell from ૭૫૭ 15 to ૭૫૮ 16 an ounce today, falling below ૭૫ 150 to ૭૪૪ 16 to ૭૪૫ 16. Behind gold, global silver also fell by ૬૬ 4.5 to ૬૬ 7.5 an ounce from ૨૫ 4.5 to ૨૬ 7.5 today. With the world market collapsing, the import cost has come down at home and as a result, there were more sellers and less buyers in the country's jewelery markets today due to falling prices. In the Ahmedabad jewelery market, gold prices fell by Rs 500 per 10 grams to Rs 900 from Rs 4.50 and Rs 900 from Rs 4.50 per kg, while Ahmedabad silver prices fell by Rs 500 to Rs 2,000 per kg. Brent crude, meanwhile, rose to ૫૫ 2.50 a barrel from ૫૫ 7.50 a barrel to ૭૭ 2.50 a barrel, while New York crude traded up ૪૭ 4.5 to ૨૩

MUMBAI: Advance tax payments by the country's top companies have increased significantly in the second quarter of the current financial year. The amount of advance tax paid by the top 20 companies till September 15 has been increased by 3 per cent. Banks, IT and FMCG companies have not seen much impact from the second wave of Corona. In the second quarter of last fiscal, advance tax payments by the top 20 companies stood at Rs 12 crore, up from Rs 210 crore this year, finance ministry sources said. Companies that have seen an increase in advance tax payments include Tata Steel, ONGC, PNB, P&G, Canara Bank, Hero MotoCorp, ICICI Bank, TCS, SBI and LIC. Tata Steel paid Rs 2,000 crore, ONGC Rs 60 crore, PNB Rs 216 crore, Canara Bank Rs 20 crore, SBI Rs 4 crore and LIC Rs 2191 crore in advance tax, government sources said. The high advance tax payments in the first quarter were lower than in the same period last year, but the higher advance tax figures in the second quarter ind

MUMBAI: India has emerged as Dubai's second-largest trading partner after China, with trade reaching Rs 4.5 billion in the first half of 2021. According to a Dubai government statement, the emirate's trade with China in the first half of 2021 was worth Rs 12.5 billion. (1 dirham = Rs. 40.11) then India is second and America is third. Trade with China grew by 20.5 per cent year-on-year to Rs 12.5 billion in the first six months of 2020. In the first six months of 2021, the US traded with Dubai for Rs 4.5 billion, an increase of just 1 per cent year-on-year to Rs 4.5 billion. Saudi Arabia is the fourth largest trading partner with a trade volume of Rs 214.5 billion, followed by Switzerland with a trade volume of Rs 4.5 billion. In the first six months of 2021, the total share of the five largest trading partners rose by 20.5 per cent to Rs 30.4 billion from Rs 31.5 billion a year ago. Gold topped the list of commodities in Dubai's foreign trade with Rs 21.5 billion, accou

(Gujarat News Office) MUMBAI: The dollar rebounded against the rupee in the Mumbai currency market today as the stock market plunged from a high. The dollar opened at Rs 4.50 this morning, opening at Rs 4.51, after hitting a low of Rs 4.31, bouncing back to Rs 4.5 and closing at Rs 4.5. The dollar had gained 19 paise today. In global markets, the dollar index rose by 0.08 per cent against various major currencies today. The global dollar index, which is 7.5, was at a low of 7.81 today and a high of 6.5 to 7.81. Japan's yen plunged to a six-month low in global markets today on the back of a safe haven. However, there were indications that the Australian dollar had risen below its four-week low. US bond and treasury yields rise in global markets Meanwhile, amid a financial crisis in China, China's central bank The People's Bank of China today announced another 100 billion yuan (૪૭ 16.5 billion) in the financial system. The bank pumped 20 billion yuan into the system last

MUMBAI: ICRA has revised its economic growth forecast for the current financial year to 5 per cent from 2.50 per cent earlier. Growth estimates have improved due to factors such as speed in vaccination against corona, strong initial kharif crop estimates and growth in government spending, a statement from ICRA said in a statement. The country's economic growth rate is expected to remain high in the current financial year after declining by 6.50 per cent in the financial year 2020-21. However, the second wave of Corona in the first quarter affected the country's economic activity, especially in rural areas, which led analysts to speculate. The Reserve Bank has projected 6.50 per cent. The growing prevalence of the corona vaccine is expected to boost consumer confidence in the country. An increase in demand will result in a slowdown in the economy, the agency noted. Higher kharif crop yields will boost demand from farmers in rural areas while rising government spending will b

(Gujarat News Office) MUMBAI: Gold and silver prices declined in the Mumbai jewelery market today. New demand was slow. Shraddha Paksha has caused a stir in the jewelery market. Now looking at the festivals. Meanwhile, gold prices in the global market fell below 120 per ounce and hovered around ૭૪૯ 15 to ૭૫ 120. In the Ahmedabad jewelery market, gold prices fell by Rs 100 per 10 grams to Rs 200 from Rs 2.50 and Rs 200 from Rs 4.50. While Ahmedabad silver price fell by Rs 200 per kg to Rs 30,200. However, global crude oil prices rose by more than 1.5 per cent today, following reports of a decline in Vasalvik gold. Rising global gas prices have also supported the rise in crude oil. And there was news that China had bought 3 to 4 lakh barrels of crude oil. Imports in India have risen to a six-month high. Meanwhile, in the Mumbai jewelery market, gold today was trading at Rs 9, excluding GST, at Rs 900, Rs 8.50 and Rs 3,150, excluding GST. The price of Mumbai silver today was Rs 30,921

MUMBAI: Cingulum oil prices declined in the Mumbai oilseeds market today, while cottonseed oil prices rose. In this morning's session, imported palm oil in Malaysia and Bhava Plus in the United States had a sporadic trade of Rs. However, after the global market slump, new demand stalled in the Mumbai market, with more sellers and fewer buyers in the afternoon. In the Mumbai spot market, palm oil prices fell by 10 kg to Rs 1,210 per kg. While crude palm oil CPO Kandla was down by Rs 115. In the futures market, CPO prices were at Rs 1,109.50 in October and Rs 1,109.10 while soyoil futures were at Rs 1,210 and Rs 1,611.50 in the evening. Prices of sunflower meal fell by Rs 1,000 per tonne. In the Mumbai spot market today, the price of cingulum oil fell by Rs 15 to Rs 150 per 10 kg while cottonseed oil rose by Rs 150. The prices of cotton washed were Rs 150 to Rs 15 today. The prices of Sigatal were Rs 15 to Rs 1,200 and Rs 15 to Rs 20 per 15 kg. In the Mumbai spot market, soyoil

IT, pharma stocks sell for profit: Banking, auto, realty stocks surge (Gujarat News Correspondent) MUMBAI: On the first day of the September weekend in derivatives, funds called for the expected shock after the Sensex, Nifty-based new record high. With the monsoon progressing well and vehicle purchases expected to grow in anticipation of strong growth in the rural economy along with the agricultural sector in the coming days, funds today maintained a historic bullish sentiment, led by automobile stocks and banking-finance, realty stocks. The Sensex closed at a historic new high as the Nifty approached a record high intra-day, hitting a new historic high. Of course, funds today took a break from record-breaking gains in profit-booking in healthcare-pharmaceuticals, FMCG stocks, as well as easing the overbought position in long-term IT-software services, technology stocks. Foreign portfolio investors' (FPI-FII) stocks have been buying steadily for the past few days, slowing down to

(Gujarat News Correspondent) MUMBAI: After Prime Minister Narendra Modi's visit to the US with top five corporate CEOs, indications that these companies are ready to invest heavily in India and impressed by the Modi government's laudable economic reform decisions in India, the impact of global giant funds including Blackstone to invest billions in India. At the same time, the record-breaking response to the IPO of defense company Paras Defense more than 300 times created a new history in the Indian stock market today. On the international front with national positive factors. A day earlier, the Federal Reserve had given a clear signal in a meeting that it would not be temporarily tapping for the time being. The Sensex jumped above 30,000 today for the first time, creating a new history. When the Nifty set a new record around 15,000. Over the weekend, traders were cautious today as the stock surged, preferring to sell for a profit. At the close of trading, the Sensex was up 19.

Mumbai: India ranks among the top five countries in the world in terms of forex reserves. According to the latest figures, China tops the forex reserves with 203 billion, followed by Japan with 12 billion and Switzerland with ૮૭ 104 billion. For the week ended September 15, India's forex reserves stood at 3 billion. Which is the fourth largest number in the world. Russia is in fifth place with 215 billion, according to the data. The high level of forex reserves has made India safe from any outside shocks, Reserve Bank sources said.

(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. However, gold and silver prices in the closed market saw a bearish reaction. World market news was shining with falling prices. World gold prices rose by ૭૪૪ 15 to ૭૪૫ 12 an ounce to થી 150 to ૭૫ 161 over the weekend. Behind gold, global silver also rose by ૨૬ 4.5 to ૨૬ 7.5 an ounce and was last seen at ૪૨ 4.5 to ૪૩ 7.5 an ounce. In the Ahmedabad jewelery market, gold was trading at Rs 600 per 10 grams at Rs 2.50 and Rs 900 at Rs 8.50 per kg, while Ahmedabad silver was trading at Rs 2,000 per kg. Other precious metals in the world market were also on the rise. In the Mumbai currency market today, the dollar was trading at around Rs 6.5 against the rupee at Rs 6.5. Brent crude rose sharply to ૭૮ 6 a barrel. According to world market analysts, the rise in crude oil prices has had a positive impact on global gold prices. New York's main contract, light sweet c

(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils were fluctuating in the Mumbai Oilseeds market today. New demand was sporadic. In imported palm oil, however, there were indications that various refineries today increased the price from Rs 150 to Rs 12 per 10 kg. However, prices remained low in hawala-resale. Hawala: In resale today, there were sporadic trades between Rs 1,310 and Rs 1,415, while the new trades of direct delivery refineries were not special. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil remained flat today at Rs 150. While cottonseed oil prices were hovering around Rs 150. However, there was news that the price of cotton washed was Rs 150 from Rs 150 to Rs. Singtel prices were quoted at Rs 1,200 and 15 kg at Rs 30-50. In the Mumbai market, soyoil was trading at Rs 150 for digam and Rs 150 for refined oil. Sunflower was priced at Rs 1,200 and refined at Rs 150. Mustard was priced at Rs 150 with Rs 150 while

(Gujarat News Correspondent) MUMBAI: With the world emerging from the Corona epidemic, India too is now on the path of rapid economic growth. Indications that the country's industrial development will play a major role in the coming days are seen in the flow of foreign institutional investors, foreign portfolio investors as well as domestic funds, an extraordinary influx of investors. Funds, all-round buying by investors in the spectacular historical rally of the secondary market has created a new history by jumping above the Sensex 30,000 and the Nifty has reached a new high amid preparations to jump to 12,000. The overwhelming response to Paras Defense's IPO over the past week has also given a clear signal that the extraordinary inflows of foreign and domestic funds have continued unabated, with the historic fall of funds flowing into the primary market as well. Next week, the market will need to keep an eye on the progress of various states in India and the progress of the

MUMBAI: The BSE Sensex has seen several ups and downs in its 21-year journey of 1,000 to 50,000 points. Sometimes due to political reasons, sometimes due to economic scandals, this index of the stock market has lagged behind many times. The Sensex on July 9, 190, touched the 1000 level for the first time. It has been 21 years since the Sensex reached 30,000 today. The index crossed the 10,000 level on February 6, 2009. After reaching the level of 30,000 on October 6, 2009, the Sensex was seen at 30,000 on March 8, 2016. The Sensex jumped another 10,000 points to 30,000 today in just eight months after hitting the 30,000 level on May 9, 2018 and the 30,000 level on January 31, 2018. However, during the tour, the Harshad Mehta scam of 19, the bombing of 19, the Kargil war of 19, the attack on the US and Indian Parliament, the Satyam scam, the 2008 global financial crisis, the Sensex crashing during the banknote ban in India were also witnessed. The last time a lockdown was imposed

Ahmedabad: September 8 will be written in golden letters in the economic history of India. Today, not only the stock market but also the entire economic system of the country is booming. In the US, Prime Minister Maadi was on a visit to the Internet giants when he was sent a message on the Sensex 30,000. For those who are constantly observing economic progress, it is a sign that India's economic picture is changing. The stock market seems to be celebrating Shraddha. In fact, thousands of shares in Shraddha have created an atmosphere of Diwali. The stock market has blown away the notion that any celebration takes place on the days of Shraddha. Looking at the recent rise in the stock market and investor interest, it seemed that the market would cross 20,000 by the next budget, but now there are indications that the market will reach close to 30,000 by the budget. Beware of the stock market and say that the market is full of risks. The stock market has reached 20,000 and won the t

(Gujarat News Correspondent) MUMBAI: After Prime Minister Narendra Modi's visit to the US with top five corporate CEOs, indications that these companies are ready to invest heavily in India and the impact of global giant funds, including Blackstone, on their willingness to invest billions of dollars in India. At the same time, the positive impact of the record response to the IPO of defense company Paras Defense, which has surpassed more than 300 times, set a new record in the Indian stock market today. On the international front with national positive factors. A day earlier, the Federal Reserve had given a clear signal in a meeting that it would not be temporarily tapping for the time being. The Sensex jumped above 30,000 today for the first time, creating a new history. When the Nifty set a new record around 15,000. Over the weekend, traders were cautious today as the stock surged, preferring to sell for a profit. At the close of trading, the Sensex was up 19.11 points at 2007.2

(Gujarat News Office) MUMBAI: Cingulum oil prices declined in the Mumbai Oilseeds market today. Producers were soft. Prices of various imported edible oils also declined today. Palm oil futures in Malaysia today on the world market were showing a slow improvement in near delivery while a slow decline in long delivery. Prices of palm products were softer at ૫ 6 to ૫ 7.50. Meanwhile, in the Mumbai spot market, the price of cingulum oil fell further by Rs 150 per 10 kg today, while manufacturers had indicated that the price of cingulum oil fell by Rs 1,200 per kg and Rs 15 per 15 kg. There, the price of cotton washed also fell below Rs 1,200 and was quoted at Rs 150. In the Mumbai spot market, however, cottonseed oil prices were quiet at Rs 150. Imported palm oil prices today fell to Rs 1,405. The new demand was winged. The price of crude palm oil CPO Kandla, however, was quoted at Rs. The price of soybean oil was Rs.150 for Digam and Rs.150 for Rifa. While soyoil prices were quoted a

MUMBAI: The BSE Sensex has seen several ups and downs in its 21-year journey of 1,000 to 50,000 points. Sometimes due to political reasons, sometimes due to economic scandals, this index of the stock market has lagged behind many times. The Sensex on July 9, 190, touched the 1000 level for the first time. It has been 21 years since the Sensex reached 30,000 today. The index crossed the 10,000 level on February 6, 2009. After reaching the level of 30,000 on October 6, 2009, the Sensex was seen at 30,000 on March 8, 2016. The Sensex jumped another 10,000 points to 30,000 today in just eight months after hitting the 30,000 level on May 9, 2018 and the 30,000 level on January 31, 2018. However, during the tour, the Harshad Mehta scam of 19, the bombing of 19, the Kargil war of 19, the attack on the US and Indian Parliament, the Satyam scam, the 2008 global financial crisis, the Sensex crashing during the banknote ban in India were also witnessed. The last time a lockdown was imposed

Ahmedabad: September 8 will be written in golden letters in the economic history of India. Today, not only the stock market but also the entire economic system of the country is booming. In the US, Prime Minister Maadi was on a visit to the Internet giants when he was sent a message on the Sensex 30,000. For those who are constantly observing economic progress, it is a sign that India's economic picture is changing. The stock market seems to be celebrating Shraddha. In fact, thousands of shares in Shraddha have created an atmosphere of Diwali. The stock market has blown away the notion that any celebration takes place on the days of Shraddha. Looking at the recent rise in the stock market and investor interest, it seemed that the market would cross 20,000 by the next budget, but now there are indications that the market will reach close to 30,000 by the budget. Beware of the stock market and say that the market is full of risks. The stock market has reached 20,000 and won the t

AHMEDABAD: The Sensex surged to 30,000 at the start of trading today on support from local factors as well as favorable signals from the Federal Open Market Committee meeting and fears that Chinese real estate company Evergrande could default on debt. Investors, meanwhile, are a little apprehensive as the stock market has seen an incredible rally. When this boom bubble bursts, it will bring a huge wave of decline and everything will sink. The rise in the stock market is being seen by some as a sign of a sharp recovery in the economy. But is it really reasonable to look at the stock market as an indicator of economic growth? This is because even though the stock market is soaring, figures from other economic indicators such as unemployment and manufacturing in the country are giving a slightly different signal while manufacturing activity has not picked up. The manufacturing sector plays a major role in the economic development of the country but activities in the region do not seem